Archivo de la categoría: DHsecundaria

For this week’s virtual period in History we have to do some research on the creation and develop of the railways in Argentina and how Britain influenced on it and how.

During the National Organization period, Argentina began to outline a foreign policy favouring relations with Britain, which became the main buyer of Argentine raw materials and the major source of investment in the country.

Britain had always been interested in Spanish America in general and Argentina in particular and signed various treaties in the 1850s, which laid the groundwork for massive investment in transport, communications and navigation.

The Western Rail Company was formed in 1855 with mainly local capitals in order to build the first railway line. This line ran from Parque Station (where the Colón Opera House stands today) to Flores, eight miles to the west. This line was officially opened in August 1857 and was subsequently extended.

Several smaller rail companies (and lines) were created after the Western Rail, like the Northern Railway of Buenos Aires, the Buenos Aires and Ensenada Railway, the East Argentine Railway or the Buenos Aires to Campana Line. These companies were eventually absorbed by bigger British-owned outfits like the Central Argentine Railway Ltd. and the Buenos Aires Great Southern Railway Co. Ltd. The latter quoted on the London Stock Exchange.

In 1948, President Perón decided to nationalise the seven railway companies operating in Argentina at the time. This was considered a turning point because it was thought to bring about economic independence. All it did was deepen the economic crises from the 1950s onwards by contributing heavily towards the national budget deficits and deteriorate the quality of the rail service and the rolling stock in a downward spiral.